Innovision IPO Details
Innovision Ltd is preparing to launch its initial public offering (IPO) with a price band set between ₹521 and ₹548 per share. The company aims to raise a total of ₹323 crore, which includes ₹68 crore reserved for an Offer for Sale (OFS).
The IPO is open for bidding from March 10 to March 12, 2026, with an expected allotment date for shares on March 13, 2026. Investors can purchase shares in lots of 27 shares each.
Market Insights
Currently, shares of Innovision are trading at a grey market premium (GMP) of ₹0, indicating a neutral sentiment among investors. Market analysts have mixed views on the IPO’s pricing.
According to Swastika Investmart, the company’s Return on Net Worth (RoNW) of 35.45% is significantly higher than its peers, with the next best at 19%. This performance suggests efficient capital use and partially justifies the premium pricing.
However, Avinash Gorakshkar from the market has pointed out that the issue appears highly priced, with a Price to Earnings (PE) ratio around 45 at the end of FY25. This valuation raises concerns about the sustainability of such high pricing.
Innovision has shown strong growth over the past two years, driven by its expansion in toll plaza management and manpower services, as noted by Ventura Securities. This growth trajectory may attract investors despite the high valuations.
On the other hand, SBI Securities has remarked that the IPO valuations appear to be premium, which could deter some investors looking for more reasonable entry points.
As the bidding period approaches, observers are keen to see how the market will respond to Innovision’s IPO and whether the grey market premium will shift. Details remain unconfirmed regarding the final demand and investor sentiment as the opening date nears.
